Resona Asset Management Co. Ltd. Raises Stock Position in Corpay, Inc. $CPAY

Resona Asset Management Co. Ltd. grew its holdings in Corpay, Inc. (NYSE:CPAY) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,750 shares of the company’s stock after purchasing an additional 947 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Corpay were worth $7,201,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Select Equity Group L.P. boosted its position in Corpay by 1,302.3% in the 1st quarter. Select Equity Group L.P. now owns 1,218,898 shares of the company’s stock valued at $425,054,000 after buying an additional 1,131,975 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Corpay by 11.1% in the first quarter. JPMorgan Chase & Co. now owns 4,728,635 shares of the company’s stock valued at $1,648,970,000 after acquiring an additional 472,147 shares in the last quarter. Nuveen LLC acquired a new position in Corpay during the 1st quarter worth $104,428,000. Wellington Management Group LLP grew its stake in Corpay by 30.7% during the 1st quarter. Wellington Management Group LLP now owns 1,275,059 shares of the company’s stock worth $444,639,000 after purchasing an additional 299,452 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Corpay by 12.3% during the 1st quarter. Invesco Ltd. now owns 1,894,732 shares of the company’s stock worth $660,731,000 after purchasing an additional 208,067 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPAY has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Corpay from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft started coverage on shares of Corpay in a research note on Thursday, July 17th. They issued a “buy” rating and a $390.00 price target for the company. Morgan Stanley dropped their price objective on shares of Corpay from $360.00 to $356.00 and set an “equal weight” rating on the stock in a research report on Monday, August 11th. UBS Group decreased their price objective on shares of Corpay from $340.00 to $315.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Raymond James Financial set a $392.00 target price on shares of Corpay and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $379.71.

Corpay Trading Down 0.7%

NYSE CPAY opened at $276.15 on Friday. The firm’s fifty day moving average price is $291.81 and its 200 day moving average price is $315.54. Corpay, Inc. has a 12 month low of $252.84 and a 12 month high of $400.81. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market capitalization of $19.50 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.02 and a beta of 0.95.

Corpay (NYSE:CPAY) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $5.70 earnings per share for the quarter, beating analysts’ consensus estimates of $5.63 by $0.07. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Corpay had a net margin of 25.17% and a return on equity of 39.13%. Corpay’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company earned $5.00 earnings per share. Corpay has set its Q4 2025 guidance at 4.600-4.800 EPS. On average, sell-side analysts expect that Corpay, Inc. will post 19.76 earnings per share for the current fiscal year.

Corpay Profile

Corpay, Inc operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards.